Airline CEOs Are Welfare Queens
We are in the era of mass delusions. Millions of Americans believe that antifa planned the January 6th attack. Thousands of day traders believe that Elon Musk is looking out for them. Millions of GOP voters swear to defend America’s “free markets”, though today this economic phenomenon can only be seen in museums. Good grief, a not insignificant number of people apparently buy SPAC IPOs! But there’s another mass delusion which no one is talking about. Many Americans apparently believe that the shareholders of US airlines must be bailed out in order to ensure that the industry is able (eventually) to support a strong US economic recovery. This is a lie. Yes, we need a viable airline industry to enable a strong and sustainable economic recovery. No, we don’t have to bribe airline CEOs and stock holders to achieve this. The fact that both Democrats and Republicans in Congress are equally deluded in their support for airline CEO bailouts (having approved ~ $60 billion and counting) makes this a bipartisan hallucination. Airline CEOs are pushing a big lie in order to rip off American taxpayers. Back in the day, Republicans called women with children who needed help, “welfare queens”. Well, what’s good for the goose is good for the gander. Airline CEOs who tell the big lie that keeping them in their jobs and keeping their companies out of bankruptcy is in the best interests of taxpayers are, truly, welfare queens of the coronavirus pandemic.